Archive - February 15, 2016

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Qualified Charitable Distributions (QCDs) from IRAs
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Three Rules of Thumb for Buying a House (in the Military)

Qualified Charitable Distributions (QCDs) from IRAs

In December 2015, Congress passed a law allowing you to give up to $100,000 to charity directly from your individual retirement account (IRA) when you are over 70 1/2 years old without counting the distribution as taxable income. This type of charitable gift is called a Qualified Charitable Distribution (QCD).

Normally, when you take money out of your IRA it is a taxable event. The withdrawal adds to your taxable income and inflates your adjusted gross income (AGI). Then, if you give the same amount to charity, the charitable gift reduces your taxable income by the amount of the gift …

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Three Rules of Thumb for Buying a House (in the Military)

I wrote this article a couple of months ago, which you can find here.  However, I’ve made some changes, because there are some things you will want to take note of in the military.

The largest purchase most people will make in their lifetime is their home. It’s also the longest-lasting purchase most people will make. With that in mind, it is important that you buy a home that brings you joy instead of grief.

Too many people stretch their finances beyond the breaking point, buying a home they can’t afford and paying the price via financial strain, a …

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